Bulgarian finance ministry officials held talks on Friday with Oman's sovereign wealth fund on the chances of recapitalising the fourth-largest Bulgarian bank, CCB, which is on the brink of collapse.
Finance Minister Petar Chobanov and the head of Oman's fund Abdul Salam Al-Murshidi confirmed in a phone call "their readiness to find a working solution for the bank," Chobanov's office said in a statement. The Omani fund owns 30 percent of the Corporate Commercial Bank, which was shut on June 20 after media reports of alleged fraud sparked a three-day run on the bank...............................................Full Article: Source